1701 Gold Ave Albuquerque, NM 87106
This exceptional 11,778-square-foot former church presents a unique redevelopment or owner-user opportunity in Albuquerque's vibrant University submarket. Located directly across from the University of New Mexico, this single-tenant property benefits from a high daytime population of 38,924 within a one-mile radius. The University itself employs nearly 14,000 and serves over 28,000 full-time students, creating a substantial and consistent population base. The property sits on one acre of land and is zoned R-MH, offering flexibility for various uses. Its proximity to major employers like UNM Hospital, Presbyterian Hospital, and Lovelace Medical Center further enhances its appeal. This is an excellent investment opportunity situated in an Opportunity Zone, providing potential preferential tax benefits. The property's size and location make it ideal for a variety of adaptive reuse projects, catering to the significant demand in this thriving university area. The cross street is University, providing excellent visibility and accessibility. This is a rare chance to acquire a substantial property in a high-demand location with significant potential for future growth and return.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.